Berkshire Hathaway, the conglomerate run by billionaire Warren Buffett, said Tuesday it has made a small investment in the company that indirectly owns the Atlanta Braves baseball team, and eliminated its holdings in General Motors and Procter & Gamble.
The changes were disclosed in a regulatory filing that detailed Berkshire’s US-listed stock holdings, which comprise most of its $318.6 billion equity portfolio, as of Sept. 30.
Berkshire sold $7 billion of stocks and bought just $1.7 billion in the third quarter, a down period for its stock holdings led by Apple, whose share price fell 12%.